Greenstone Partners is pleased to announce the exclusive listing of The Avanti, a newly constructed, multi-tenant shallow-bay industrial investment opportunity located at 503 East 98th Avenue at AmeriPlex at the Crossroads business park in Merrillville, Indiana. The property is being marketed by Jason St. John, Managing Partner at Greenstone Partners, and is offered for $9,500,000.
Completed in 2024, The Avanti is a 50,784-square-foot, fully leased Class A industrial asset located within AmeriPlex at the Crossroads, one of Northwest Indiana’s fastest-growing logistics corridors.
The tenant roster includes Snyder’s-Lance, Inc., a subsidiary of The Campbell’s Company, along with AutoMAK and Innovated Manufacturing, both of which maintain headquarters operations within the building. The tenant mix combines national credit tenancy with established local operators, providing durable cash flow and long-term income stability.
“The Avanti represents a rare opportunity to acquire a newly constructed, fully leased industrial asset in one of the Midwest’s strongest-performing logistics markets,” said Jason St. John, Managing Partner at Greenstone Partners. “Demand for modern shallow-bay industrial space continues to outpace supply in Northwest Indiana, driven by exceptional transportation infrastructure, lower operating costs, and continued business investment.”
The Avanti was fully leased within 14 months of its completion, underscoring strong demand for modern shallow-bay industrial space. The property features 20-foot clear height, four dock-high doors, four drive-in doors, and flexible suite layouts designed to accommodate distribution, warehouse and light manufacturing industrial users.
Located 45 miles southeast of downtown Chicago, the asset provides direct access to Interstates 65 and 90/94, as well as U.S. Highway 30. The offering also benefits from a real estate tax abatement through 2035, while AmeriPlex at the Crossroads is home to major employers including Amazon, Domino’s, Dawn Foods, and Red Bull, reinforcing the area’s position as a leading logistics and industrial hub.
“The Avanti combines many of the characteristics investors are prioritizing today—a newly constructed facility, diversified tenancy, and a strategic location within a high-growth industrial corridor,” added St. John. “Opportunities to acquire stabilized Class A assets of this size remain limited, making this a compelling offering for long-term investors.”
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